1.—(1) This Order may be cited as the Value Added Tax (Payments on Account) (Amendment) Order 2011.
(2) This Order comes into force on 1st June 2011 save for Article 2(b) which comes into force on 1st December 2011.
2. The Value Added Tax (Payments on Account) Order 1993(1) is amended as follows—
(a)in article 2(1) in the definition of “the basic period” for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1)”;
(b)in article 5(1) for “£2,000,000” substitute “£2,300,000”;
(c)in article 6(1) for “£2,000,000” substitute “£2,300,000”;
(d)in article 7 for “£1,600,000” substitute “£1,800,000”; and
(e)in article 16(1) for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1) respectively”.
Michael Fabricant
James Duddridge
Two of the Lords Commissioners of Her Majesty’s Treasury
10th January 2011